Question: 3. Work out the below: 3.1 Using FIFO: Your beginning inventory is 20 units at $10 You purchase more stock: 10 units at $11. You

3. Work out the below: 3.1 Using FIFO: Your beginning inventory

3. Work out the below: 3.1 Using FIFO: Your beginning inventory is 20 units at $10 You purchase more stock: 10 units at $11. You sell 15 units. What is the COGS? What is the ending inventory? 3.2 Using LIFO: Your beginning inventory is 20 units at $10 You purchase more stock: 10 units at $11. You sell 15 units. What is the ending inventory

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